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State Authorities Superannuation (Government Railways Superannuation Scheme Transfer) (Savings and Transitional) Regulation 1990
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Turn the raw legal text into a practical explanation grounded in State Authorities Superannuation (Government Railways Superannuation Scheme Transfer) (Savings and Transitional) Regulation 1990.
19 Payment of a pension benefit
(1) The pension benefit payable to a transferred pensioner under this Regulation is to be calculated with effect from and including the transfer date and is payable in equal fortnightly instalments at the rate of 14/365 of the annual pension.
(2) If a transferred contributor has elected to take a retirement benefit in the form of a pension under this Regulation, that benefit is to be calculated with effect from that contributor’s exit date and is payable in equal fortnightly instalments at the rate of 14/365 of the annual pension.
(3) If the spouse or de facto partner of a deceased transferred pensioner or deceased transferred contributor has elected to take a pension benefit under this Regulation, that benefit is to be calculated with effect from the date of death of that pensioner or contributor and is payable in equal fortnightly instalments at the rate of 14/365 of the annual pension.
cll 17–20: Am 28.3.2003.